Luxembourg-based telecoms company Millicom International Cellular (MIC) has announced it has completed the sale of its 58.4% stake in Cambodian mobile operator CamGSM (Mobitel) to the Royal Group of Cambodia. The Royal Group already held the remaining 41.6% in Mobitel, bringing its total shareholding in the cellco to 100%. MIC agreed to sell its Cambodian operations to its local partner for USD346 million in cash in August 2009.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors